ISET

Macro Indexes Recent Publications

  • GDP FORECAST

    ISET-PI has updated its forecast of Georgia’s real GDP growth rates using the October2015 releases of various economic indicators. We have recently updated the GDP series (the dependent variable in our model), using the revised GDP growth rates available from Geostat. Based on the new data, the forecast for GDP

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  • MACROECONOMIC REVIEW

    According to the most recent statistics, the Georgian economy is showing signs stabilization in the last quarter of 2015. Economic growth increased to 3% year on year in October – about the same as the estimated average real GDP growth rate (2.8%) for the first ten months of 2015. ISET-PI’s

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  • CONSUMER CONFIDENCE INDEX

    The November CCI data has all but reversed the uptick of confidence observed in October. The Consumer Confidence Index, which began to decline about a year ago, now seems to be stabilizing at a new and lower level. The breakdown of the index between different gender and educational groups suggests

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  • BUDGET EXECUTION MONITOR

    ISET-PI has begun publication of a new product – the Budget Execution Monitor (BEM). The goal of the BEM is to forecast revenues and expenditures of the general government of Georgia for the current year, using past seasonal patterns and actual data observed so far in the year. The BEM

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Private Sector Indexes

  • BUSINESS CONFIDENCE INDEX

    • Key findings The Business Confidence Index (BCI) improves and reaches 40.4 index points.• Seasonal factor has been driving the positive outlook.• Most firms are optimistic about the next three months.• The sales price expectations are outstandingly increased for the retail trade sector. The Business Confidence Index increases and registers

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Agriculture Indexes

  • Khachapuri Index

    With the New Year festivities finally behind us, ISET’s Khachapuri Index started on its seasonal downhill trajectory. In January, the Index slid 4.3% m/m, reaching 3.61 GEL per one standard portion of the Imeretian khachapuri. At the same time, it is some 6% higher y/y (compared to January 2015). Interestingly,

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  • ISET Retail Food Price Index: February 15, 2016

    Georgian Consumers Emerge Victorious From The Russian-Turkish Spat The Russian ban on Turkish goods turns out to be a boon for Georgian consumers. As Turkey is shifting its surpluses to the Georgian market, the prices of fruits and veggies are plummeting. At the same time, given that some of the

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Energy

  • ENERGY REVIEW

    Electricity: The first three quarters of 2014 have been successful for the sector, both in terms of adding new generation capacity to the system and starting new projects. On the other hand, some challenges concerning security of supply became apparent in the third quarter. So far, 2014 is being very

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